Water handling and recycling company Aris Water (NYSE: ARIS) will be announcing earnings results this Monday after market hours. Here’s what to expect.
Aris Water beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $120.5 million, up 16.5% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ sales volume estimates and a solid beat of analysts’ EBITDA estimates.
Is Aris Water a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Aris Water’s revenue to grow 19% year on year to $120.4 million, improving from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Aris Water has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 6.1% on average.
Looking at Aris Water’s peers in the environmental and facilities services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Veralto delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 2%, and Montrose reported revenues up 35.3%, topping estimates by 24.4%. Veralto traded up 1.8% following the results while Montrose was also up 24.4%.
Read our full analysis of Veralto’s results here and Montrose’s results here.
Investors in the environmental and facilities services segment have had steady hands going into earnings, with share prices flat over the last month. Aris Water is up 5.1% during the same time and is heading into earnings with an average analyst price target of $28.20 (compared to the current share price of $24.21).
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